Last weekend China, under relentless US pressure to end the renminbi's peg to the dollar, once again blew hot and cold by announcing that it would “enhance” exchange rate flexibility, later adding that the rate would remain “basically stable”. It is an issue that has bedevilled US-China relations for longer than most people think. In fact, the peg to the dollar was a major source of friction in the 1930s, although at the time the two sides' positions were reversed.
上周末,在美國要求結束人民幣盯住美元匯率機制的持續施壓下,中國再一次表現出了搖擺不定的立場,先是宣布將“增強”人民匯率彈性,稍后又補充道,人民幣匯率將保持“基本穩定”。美中關系受匯率問題困擾的時間,比大多數人認為的都要長。事實上,盯住美元的匯率機制是上世紀三十年代美中摩擦的一大緣由,盡管雙方當年的立場與現在正好相反。
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